The Reel

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A blog for breaking sales and neighborhood real estate news.

A multifamily apartment building at 276 Throop Street located on the northwest corner of Throop and Willoughby Avenues in the Brooklyn’s Bedford Stuyvesant was sold in an all cash transaction valued at $1,658,500, or over $100k per unit.

The four-story property is approximately 9,936 square feet and sits on a 27’ x 100’ lot. There are 16-units. The property had a total gut renovation in 2005 and has about 12 years remaining on a J-51 tax abatement. Units have separate water heaters and tenants pay hot water and cooking gas. Improvements include new lock systems, video security, and new lighting.  

Neighborhoods: Bedford Stuyvesant